Presents draft legislation, along with explanatory notes, amending the Income Tax Act, arranged by clause in legislation and section of the Act. The first part covers provisions relating to such matters as capital gains, tax credits, donations, registered retirement savings plans, appeals, venture capital corporations, and taxes on qualifying environmental trusts. Part two considers amendments to the Income Tax Act and the Income Tax Conventions Interpretations Act regarding annuity contracts. Part three covers rollovers to registered pension plan annuities, and part four considers matchable expenditures.